Weak Demand Caps Taiwan's Export Growth

Updated Feb. 10, 2003 5:34 a.m. ET

Taiwan's January export growth came in well below expectations as outbound goods to major trading partners -- including the U.S. and Hong Kong -- declined in the month along with demand for key Taiwanese technology goods, the government said Monday. Exports last month rose just 4% to US$10.07 billion from a year ago, but down from December's US$11.65 billion. The result fell short of expectations for an 18% growth in exports to US$11.61 billion, based on a Dow Jones Newswires survey of economists. Imports rose 29.1% in January to US$9.50 billion from a year ago, speeding up from December's 16.9% growth, but below its...